guy. we give iranian government with deal of a lifetime and thank us with another death to america video. lieutenant colonel oliver north on iranians strange note of gratitude. melissa: students failing down to pay a single dollar of debt for seven years. we'll talk about that one. [closing bell ringing] david: trash police poking through your garbage to make sure you're recycling. well, it is unbelievable. melissa: those are closing bells on wall street. as the fed's decision looms on wall street. we're down about 63 points at the close. david: all right. melissa: here is where we are ending the day. the s&p is down eight points. nasdaq is down 16. crude oil trading lower. only gold going higher. david. david: while markets are trading tomorrow here is everything you need to know right now. donald trump domination showing no signs of slowing down. trump is surging at the top of a new "washington post/abc news poll" leading the gop pack with

33%. double-digit lead over second place competitor ben carson. donald is giving hillary a run for her money. peter barnes breaking down the numbers for us. >> reporter: hey, david. do the math. 53% for trump and carson combined. that means majority of republican and republican-leaning voters in this poll favor a non-politician. that is warning shot for jeb bush, marco rubio, ted cruz and other professional politicians. perhaps not surprising because the poll shows high degree of dissatisfaction of politicians we've seen in the selection season saying one in seven voters saying they don't trust them. for hillary clinton the trend line is he had heading down against a non-traditional politician. that "abc news/washington post poll" shows clinton has lost a third of her democratic support in march when she got into the race. this national poll shows she is still the national frontrunner for 42%.

but that is the first time she has fallen below 50% in the ab. this-post poll, with the biggest decline with white women. second poll in the first three voting states, iowa, new hampshire and south carolina shows she is down double digits against bernie sanders in the first two. and those are the biggest spreads yet between them. now if this ends up being a clinton-trump showdown, trump continues to gain on clinton as well. clinton is up just three points among registered voters in the post-ab this news poll. earlier polls showed clinton would have womanped trump easily in hypothetical matchup. that cushion is disappearing. david: thank you, peter. >> fox business will take you live to trump's rally, 7:00 p.m. eastern. david: that should be quite a show. we're used to hearing david stockman talking trash about the market.

now he is joined by the sober nobel-prize winning economist bob schiller who is talking about a big stock market bubble. are these guys on to something? with me is chad morganlander, stifel-nicolaus portfolio manager and james freeman, "wall street journal." james, is schiller right. >> this is big question, how much of the run-up the last few years has been fed money printing and how much is the real economy? i think it's a mixture. there is a reality to american businesses being still the best house in a bad neighborhood. so i don't know, certainly you can look at certain tech companies maybe say the valuations have gotten ahead of themselves but where else do people go? david: chad, where are we in the market cycle? we have cycles. are we beginning, the end of a bull market? or are we somewhere at the end of a bull correction? where would you put us right now? >> i would say we're probably in

the later stages of a bull market. looks like forecasted returns next five years mid-single digits within the s&p 500. you stated schiller report or schiller index he believes we're somewhat elevated. if you take operating margins for s&p 500 profitability and you normalize it, what you come out to is valuations are somewhat toppy. we believe though that you can get roughly about five to 6% total return within the s&p over the next 12 months but with that said, you should expect a tremendous amount of volatility. david: sure. >> so 1700 to 1800 on the s&p 500 on the downside. upside of 2200 in that trading range over the next 18 months. david: james, this is the week of the decision by the federal reserve board. we don't know what they're going to do but, we've had 0% interest rate policy for eight years.

how is it possible to have that for eight years without creating a stock market bubble? >> i don't know eight years. david: since the zero interest rate policy. but it hasn't been exactly zero for eight years but close to it. >> you have to remember whatever they say on thursday the rates will stay very low. if they decide not to raise, you're still near zero. if they do raise they made it very clear the next increase after that, after modest one now is not going to be, is not going -- david: still, chad, this extraordinary period where we have zero interest rates. it is justified by their definition of this economy and market as an emergency. yet we have 5.1% unemployment. >> right. david: how can they justify emergency policy like this with things not being so bad? >> well the reason why is because mortgage credit, deleveraging that happened during the great credit boom it has not been growing.

mortgage credit is up less than 1% year-over-year. typically grows 6%. in recession it grows less than 3%. two to 3%. if you look at employment trends, underemployment rate it still under 8% before the great recession. let me note one thing here, david. that is, when you talk about a stock market bubble, looking at a pe multiple close to 15 times now. we're not at bubblicious stage by any means but the growth rate, impulse into the broader real economy here in the united states is still subpar at two to 2 1/2% gdp growth. the federal reserve -- david: i'm getting a wrap. chad, forgive me. i want to finally quickly go to james. is this zero interest rate policy justified by the economy right now? are we in emergency situation quickly. >> no, absolutely not. that is why they ought to start raising. economy is not great but bumping

along. they should raise. >> and they will. david: thank you, guys, appreciate it. melissa. melissa: we have breaking news on the european refugee crisis. european ministers agreeing to relocate 120,000 more refugees, as border controls tighten across europe in an effort to stem the flow of thousands looking for asylum. fox news's greg palkot at the border in hungary with the latest. greg. >> reporter: melissa, behind me the final plug in the gap of the fence hungary is using to try to hold back thousands of refugees in this country. it's a barbed-wire freight car. it was rolled into place earlier today while the fence here was completed. that is 109 miles long. that is 13 feet high. that is doubled barbed-wire all along southern border of this country. as we found out earlier today, refugees were coming in and

something to say. hungarian authorities wasted no time. as soon as they come across the border. they're put into us abouts, sent to a train station, and then on we're told, austria. >> where are you from? >> syria. >> where do you want to go. >> germany. >> why? >> germany very good. >> how long have you been walking? >> maybe two weeks. >> why is it so important to get to europe? >> we're going to life. >> going to life? we want life. >> we spoke with more refugees, young and old, mothers, father, children they had made that terrible boat ride from turkey to greece. they had walked for days and days. they were tired. they were grim but determined and even some were optimistic, about the possibility of a new future. all told some 6,000 refugees had come through here in the last 24 hours. double that going into as you tia. germany today they said they might expect a mill migrants.

you can understand why european countries are clamping down along their borders, tougher than right here with hungary with this fence. as one expert told me, refugees are resourceful. they will look at the fence to find another way around it to try to get to a new life. melissa? melissa: greg, thank you so much. david: alibaba strikes back. e-commerce giant hitting back at "barron's" cover story saying that the stock is overvalued by 50% despite this year's steep drop. the company said unfair to compare alibaba's valuation to ebay, since ebay is not in china. duh. it questioned the competitors were eating into the market share of alibaba. stay tuned for round two, melissa. melissa: new developments on the united auto workers and big three companies. new reports saying a deal before the midnight deadline highly

unlikely. jeff flock from the very windy ford explorer assembly plant in chicago. jeff what is the latest? >> a lot of hot air blowing across the midwest today. despite a lot of hot air expended over course of past several months, it doesn't appear as you report, melissa that there will be a deal. both sides are preparing for a strike. over my shoulder is the ford explorer lot outside of the plant. they have been stockpiling ford explorers just in case there is no deal and there is a strike. even though there appears to be no deal doesn't appear that there will be a strike either. we have the. uaw-vp in charge of the negotiations. very many items of importance to be discussed. both sides either posturing or preparing depending on your point of view. as we said, the automakers stockpiling vehicles in the event of a strike. uaw stockpiling money in case

there is a strike. $600 million strike fund exists which could fund the automaker -- laborers for as much as six weeks we are told. take a look at the stocks today. ford flat. gm, they like the fact that gm is not the target. we call a strike target or at least the target for the first agreement. it is instead tee yacht chrysler, the weakest of three automakers. melissa, investors didn't much care for that. that puts pressure for them to come up with some sort of a deal. the uaw negotiating with sergio marchionne. i know sergio sergio markky even knee fairly well. good luck to the uaw. melissa: jeff, thank you for that. wildfires, are destroying homes, look at that, on the west coast. david: awful situation. new pom shell in the hillary clinton email scandal-- dom shell. -- bombshell.

several months missing like the secretary of state didn't have anything to say for a few points. what's up with that? melissa: new host of celebrity "apprentice" is revealed. we'll be back. ♪ you're like the poster child for paying on time. and then one day you tap the bumper of a station wagon. no big deal... until your insurance company jacks up your rates. you freak out. what good is having insurance if you get punished for using it? hey insurance companies, news flash. nobody's perfect. for drivers with accident forgiveness, liberty mutual won't raise your rates due to your first accident. see car insurance in a whole new light. liberty mutual insurance.

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to learn more. switch to liberty mutual and you could save up to $509. call liberty mutual for a free quote today at see car insurance in a whole new light. liberty mutual insurance. melissa: two major wildfires left thousands of californians stranded. parts of northern california declaring a state of emergency after fires raged across napa valley and lake counties over the weekend. state officials say the wildfires displaced 23,000 people. fox news's claudia cowan is in middletown, california, with the latest developments. claudia, those pictures are staggering. >> reporter: they really are. we're 45 miles north of napa, in the middle of some pretty

heartbreaking devastation. entire neighborhoods here in mid till town have been reduced to smoldering rubble. as you see there is nothing left but what had been somebody's home. more than 400 homes and businesses were destroyed when the valley fire ripped through the town saturday night, forcing people to flee in a hurry. one evacuee caught the firestorm on his cell phone. flames as high as 50 feet consumed 40,000-acressers in 12 hours. hot embers jumping half a mile away from tree to tree and home to home in all directions. of the napa valley fire is just 5% contained. they confirmed a elderly woman perished in the blaze and several other people are unaccounted for. 13,000 people are evacuated. many getting updates in the napa valley center and recalling moments when they seemed to

explode. >> like a matchbook, just boom. bunch of black smoke coming up behind me. like something you see in the movies. it was terrifying. >> reporter: enrique montana lost three homes in this fire. he rented one out. one was under construction. the third one was where he lived for 30 years with his wife and three sons. speaking through the tears about the loss. >> i do not have words to say how sad or how bad it is. that was my american dream. >> reporter: just heartbreaking. crews are fighting at least dozen other fires now. two big ones to tell you about. the butte fire near sacramento is0,000-acrers and 30% contained. it has burned more than 100 structures. most active fire near fresno, so-called ruff fire, charred

136,000 acres. it is 36% contained. as they make progress on wildfires and other fires burning throughout the drought-stricken state i can tell you they will be sent here to help fight this huge valley fire. back to you. melissa: that is so heartbreaking when he said it was his american dream. did any homes in the area survive, claudia? >> reporter: well, a number of homes, in fact did survive. i can show you this, this stately house right across the street from where we are. it came through intact. as did a number of homes just on the other side of this street where dozens and dozens of homes are burned to the ground. more good news, just a couple blocks behind me on the main drag, the main gas station, grocery store, high school, elementary school and number of banks and other businesses, all survived intact. those are cornerstone properties here in this very close-knit town. that will certainly be a big help when this community rebuilds.

melissa: as we know they will. claudia, thank you so much. our hearts go out to their people. david. david: one house ruined, the other house perfect. unbelievable. a few other stories on our radar. tragedy in mississippi as a professor was shot dead in his office at delta state university. the gunman, who is at large, is another professor, may have been involved in an earlier killing that left one woman dead. back to work for kim davis, who is back to work after refusing to issue same sex licenses to couples. davis says she will not authorize such license and but will not interfere with deputy clerks that issue them. school is still out in seattle for a fourth day today, a teacher's strikes as it enters the second week. teachers walked off the job in protest over pay raises in proposal to lengthen the school day. the strike delayed the start of school for 53,000 students. melissa. melissa: student debt tripled in the last decade.

a new report has some stunning figures how much of that debt is being repaid. we are talking billions of taxpayer dollars on the line here. we've got all that next. presidential candidate scott walker comes out swinging with a bold plan to take on big labor. it worked for him in wisconsin but will his union-busting message play nationwide? all that and more with we come back. awe believe active management can protect capital long term.

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doesn't sure what difference that makes. there are reports that the email server may not have been wiped and the 31,000 emails she deleted may be recoverable. david: i don't think i spent a week out sending email. despite student defaults at all-time high, president obama will apply aspiring college students to apply earlier for free application for federal student aid. more than half of students at almost 350 colleges defaulted on their loans, or failed to pay down even a single dollar of their debt after seven years, according to to "the wall street journal" for more we bring in our own gerri willis who has been following all of this. with all of the defaults is it really time to make getting a loan easier? >> no. i don't think filing earlier will get you more money. this confounds me something as simple as moving a deadline is supposed to be big innovation. david: right. >> we know real problem college costs too much. people can't afford it and

doesn't understand debt they're taking on. to that point the administration came out with something they're calling college scorecard, dot-ee.gov. what kind of debt you will graduate with. look at ivies, harvard, stanford, princeton, look at these numbers. on the left you see salaries. those are salaries people who graduate with a harvard degree get 10 years after graduation. their debt is the 6,000 -- david: melissa's salary at the top. >> please, please. >> about to get it. look at public schools. this is an interesting comparison. i picked miami university of ohio i went to school. david: good school. >> university of virginia. northwestern, we chose northwestern because you went to school there? david: i did graduate work. i dropped out before i got my masters. that is what i was doing at northwestern. when i dropped out i found i had a lot of money i had to pay. >> full disclosure.

full disclosure. gives you an idea, starting salaries were lower, debt was higher. that is the kind of squeeze people find themselves in. what i want to say, president said they would roll out the program, look, what we'll do is out schools that give people super high debt and very low starting salaries. guess what? we'll grade them, rate them. if they don't do well they will pull financial aid money which might change things, right? that is not happening. that is not happening. david: as father after daughter who goes to very expensive private school in new england, one of the thing jacking up the prices is all the government programs, right? >> right. david: that helps boost up everything. professors still get paid a mint. >> if you can fog a mirror you can get a loan. david: right. >> no grading, can she pay it back. nobody cares. they just give you money. when that happens, you run up debt. that is very situation we have right here.

i was saying that the administration said they would try to hold the institution's feet to the fire. that is not happening. they backed away from that entirely. can i make one other point? david: quickly. >> most of the information is available from other resources, private resources. princeton review, "u.s. news & world report." what we to the for all the money -- david: only ivy leaguer i trust is melissa francis. only one. only one. gerri willis thank you very much. >> that is very wise philosophy, dade, stick with that. david: i will. my story and i'm sticking to it. donald trump doesn't believe in nice when he has a fight a couple new targets he is hitting hard. we'll tell you who he is going after. melissa. melissa: one man's trash is the police's treasure. one city has trash police if you are doing your part to go green. stay tuned to find out if your city is snooping through your trash. ♪ (trader vo) i search. i research. i dig. and dig some more. because, for me, the challenge of the search...

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melissa: trump is a billionaire ceo but that doesn't mean he is going easy on the c suite. here is what he said on cbs'sthe nation. >> it's a shame and disgraceful. sometimes the boards rule but i would probably say less than 10%. you see these guys making these enormous amounts of money. it's a total and complete joke. melissa: tell us what you really think, donald. ceo's getting hefty paychecks are not his only targets. trump set is sights on wall street and in preview of

his tax policy trump plans to double down on hedge funds. what will he do to level the playing field? joining me doug holtz-eakin, former ceo, cbo -- i had ceos on the brain with this segment, president of the american action forum. former ohio congressman, dennis kucinich a fox news contributor, and james freeman, from "the wall street journal" editorial board. he is a member. thank you to all of you for joining us. doug, let me start with you. he keeps talking about making hedge fund guys pay their taxes. feels like he is referring to the carried interest tax that doesn't apply to hedge fund people. it only applies to private equity. what do you think he is talking about there with his tax plan? >> well, here is a novel approach. evaluate it from perspective if this man was president. we don't rely tax policy on basis what we like what you do, respect what you do, or how much you get paid. we decide what is regular income. what is dividends, interest,

capital gains. we apply tax rates. that is the way you get your tax liability. i would love to see him actually lay out something that was coherent plan on those terms. that would be a contribution to the debate. but to sim point fingers to say they should pay more is doing close to what the obama administration has been over past seven years. that harmed business community and harmed economic growth. melissa: he seems like, greg gutfeld said a roving insult comic. there is something to it. he talked about negotiating deals u. you have to have smart negotiators. i know the smartest, toughest, meanest people, they're horrible human. as opposed to caroline kennedy who he says is lovely but not necessarily who you want negotiating on your side versus these villains he says you wouldn't want to have dinner with. you're laughing. that makes sense. >> first of all, with respect to

performance pay, the tax loophole, donald trump is correct when he talks about the ceo worker pay is totally out of whack. that is because of the tax code. right now ratio is 373 to 1. melissa: that has nothing to do with the tax code. that isn't related to tax code and ceo pay. >> no, no. let me explain how it has to do with the tax code. the more that corporations pay their ceos, the more they deduct that from their income tax. so there is perverse incentive to increase the amount of compensation. that is why you have got so many ceos who are making more than a million dollars a week. melissa: i don't think that is quite -- >> wait, that is -- melissa: i don't want to get off topic here. we're supposed to talk about donald trump. that wasn't related to it. james freeman, let me ask you, you were telling me before the segment you don't think he will be in this all the way through the nomination in the lead anyway. how does this latest fodder influence that thinking? >> yeah.

i don't think he will go the distance just because i think it is kind of a schtick and fun right now. eventually you have to have anticipates. people look how i is all over the map idealogically. melissa: that has already happened. he imper just to it. >> nobody has cast a vote yet. there may be kind of a more serious attitude when they think they're putting someone in charge. look, i think trump thing is basically a big middle finker to washington. melissa: yeah. >> that is normal, healthy part of the american political environment but, it is another question of whether you want actually have this guy running things. melissa: i mean, doug, let me come to you. what he says we're looking for real competence. that the government in washington is not competent and he feels like.

>> want there, this is how they would get it done. he would then -- david: not tune out his message just because he has very different policy positions on issues like abortion and same-sex marriage.

>> let me respectfully suggest, that there are other issues out there, that are of the enormous consequence to our country, and in fact to the entire world. that maybe, just maybe, we do not disagree on. and maybe just maybe, we can try to work together to resolve them. david: extraordinary. sanders chose to speak at the school. of course was founded by the late reverend jerry fallwell because it is important to see where common ground can be found. unbelievable. a socialist, getting a standing ovation from jerry fallwell's school. if you're looking to get your hands on the new iphone 6s plus could be out of luck. we'll tell you models that have sold out before the official launch date. a disturbing new video from iran's supreme leader, with a warning to america. colonel off very north to weigh

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david: democrats approved president obama's nuclear deal with the regime just last week. which of course will lift sanctions, costing iran hundreds of billions of dollars. here is how iran's supreme leader, ayatollah khamenei showing gratitude. tweeting out video showing how they would humiliate the u.s. during a war. take a look. [speaking in native tongue] david: with me now, fox news military analyst lieutenant colonel oliver north. colonel, we give them $100 billion just like that, for this deal, with the possibility of them getting over a trillion dollars over the years, by selling their oil and this is how they pay us back. what do you think?

>> well, this is what lots of us forecast was going to happen. it is now happening. what we're watching is, a remarkable, if you will, confluence of the messages coming from the supreme leader in iran and remember, this is a dictatorship. he calls all the shots. we're getting similar message zawahiri, supreme leader of al qaeda. we're hearing same thing of isis. is anybody making the connection that this radical islamist enemy that declared war on us, really means it? david: the president excises term of islamic from all discussions of these groups. concerning iran specifically and new video, the new rhetoric, of course it is stuff that we heard before, coming from the supreme leader. are these just idle threats? >> no. look it. they could shut down the straits right now.

you could end up with enormous backlog of oil and price going up dramatically over what it is. simply closing the straits of hormuz. we have no ability to respond in short order because we so decimated the u.s. navy we can't do kinds of things we did back in the 1980s and 1990s, when iran threatened this kind of thing and put mines, if you may remember going all the way back, mines into the straits. david: sure. >> iranians, iranian people may be wonderful folks. i certainly know a lot of refugees what was the shah's regime here in the united states. the bottom line of it is, the government in tehran, the ayatollahs who run it, are biologically, totally, absolutely committed to the destruction of what they call the great satan. david: yeah. >> if we just -- david: there is a new deal. we've got to hurry along. there is a new deal we heard announced today. it hasn't been completed yet but

iranians are going to try to deal with the european community in a natural gas deal that would last until 2030 or beyond. remember if the iranian government does anything wrong with this iran deal we are supposed to have a snap-back clause that would put sanctions back in. you can't snap back europeans who are developing this 15 to 20 year trade deal on natural gas. >> there is only way to snap back anything on this. it will take elected a new head of state, chief executive and commander-in-chief here in the united states. do things jimmy carter did with apart tied in south africa. any company that does any business with anybody in iran can not do business in america. now that is draconian. there is no doubt about it. but if you elect the right congress and right head of state you could do that. there would, siemens which is largest electrical supplier and generator of electricity on the planet would not be doing business in iran if it meant they couldn't do business in america.

david: good point. colonel oliver north. >> thanks, david. >> consumers want another bite out of apple but might run into problem ordering the new iphone 6s plus. oh, no. apple says preorders are beating last year's pace with other outlets reporting certain models are sold out. deirdre bolton joins us now. oh, say it isn't so, deirdre. i didn't get my order n so i'm toast. >> they have rose gold would match your dress, my blouse as well. apple is saying we're working to catch up. demand much stronger than anticipated. they're working to catch up. the phones will be, if you like available as they announced, the 25th of september. of course they are selling preorder online already. analysts are saying, listen, if you want a context all point because a lot of analysts are

saying, look if you're doing pure comp on comp, month on month comparisons, these devices were actually not available in china until october. so essentially a month later this year they are. a lot of people are saying listen there, is demand from china these numbers which are tracking to 10 million so far, melissa. melissa: wow, deirdre. there you go. we look forward to seeing you at the top of the hour for "risk & reward." wouldn't miss it. thanks so much. governor scott walker slipping in the polls but gaining national attention. details from the gop's candidate's new labor proposal. that is coming up next. plus, save a horse, deposit a cowboy. nfl team scoring the most green coming up. you can't breathed. through your nose. suddenly, you're a mouthbreather. well, just put on a breathe right strip which instantly

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david: whether on wall street or main street, here who is making money today. nbc landing a huge name to replace donald trump. who could be bigger than donald trump to host "celebrity apprentice"? here who is bigger, former california governor and movie star arnold schwarzenegger. he will take over the reality franchise. >> dallas cowboys, making a lot of money. forbes releasing annual nfl team valuations. for the ninth consecutive year the cowboys are in the top spot as most valuable team with current value $4 billion. the cowboys are the most valuable sports franchise in the whole wide world. melissa. melissa: a few hours, push to abolish federal. plan will eliminate the big government unions entirely and put american people back in charge of their government, enquote. but some critics say this is political move ahead of the debate, you think?

the doug holtz-eakin, dennis kucinich and james freeman are back with us. james, let you go first. give you props with key issue. thing that put him on the map. he faded so dramatically here. do you think it will make a difference? >> it could. every day he is not public contemplating building a wall on canadian border is a good day for him. this got back to what made him famous, achievements, attracted republican voters to him in the first place. maybe they come back to him. redefines, himself with pretty bold plan. >> is bold. is it even possible, doug, i would ask you, eliminating the nlrb. prohibiting federal employees from unionizing. instituting right to work laws nationwide and repealing davis-bacon. do you think these things could be done? >> a lot of these are really difficult. davis-bacon has been very resilient. i thought eliminating nlrb is very interesting conclusion. for years to use football

analogy, republicans and democrats took turns with the nlrb and stayed within the 40-yard lines. obama administration has turned nlrb as advocate for union goals. scott walker says it is beyond repair. that is very interesting debate. it needs attention. something the business community will warm to. melissa: congressman, i bet you disagree with that. >> well, membership in federal unions is voluntary. and the reason why people pay dues is so that they can do something about working conditions, about discrimination or retaliation. this attack on working people, people that work for the government in its essence is immoral. it tries to destroy government period and not give workers any say in what their conditions are. that is basically slavery. so you know, there is an ethical and moral equation here that needs to be tested. melissa: james, you shaking your head there.

>> just the idea that you need unions in government work just doesn't make any sense. they already have civil service protections. and the whole premise of a labor union, if you think this is how you get an economy to grow, you have to have adversarial relationship between management and workers. in this case the adversarial relationship you're looking for is between workers and the united states. and the state of wisconsin. it is us. all of us. why do you want that to be adversarial relationship. this is supposed to be public service. now, that sounds like a funny phrase now, but if it actually means that, this is why i think he has a good argument on his side if he wants to make this case. melissa: not only that, doug, the government obviously is not a for-profit institution. >> that is the key. melissa: they make that clear every single day along the way. >> right. melissa: workers don't have the same need for advocacy. no one is making a profit. it isn't the same relationship. >> the whole idea in the private sector unions there are to help advocate for its workers share of the profits.

there is no profit in the post post -- government setting. all they are advocating for taxpayers money. adversarial relationship with the taxpayers who government is supposed to serve. it doesn't fit well. hasn't performed well. take it out of the land of theory. government unions have not performed as well and i think he is right to take them off. melissa: we'll stop it there. david. david: even for uber liberal seattle, washington, new recycling rules gone to extreme and some residents are suing their city and hated trash police. yes they have one. you wouldn't believe this, coming up. ♪ u're comfortable with, re is

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get a domain, website and email starting at $1/month all at godaddy. >> recycling taken to new extreme in seattle. david: unbelievable. city of seattle, washington, being sued over the policy letting garbage collection snoopers in residents trash to see if they're recycling or not. joining us is dan springer.

even for seattle this is too much. >> reporter: david, melissa, this is classic seattle. it is now mandatory in seattle not only to recycle, but compost your food waste and face fines if you don't. trash police have been busy, handing out more than 14,000 warnings to residents and businesses. the fines will start in january. a buck for homeowners. up to $50 for businesses. duplexes and things like that. they go up for repeat offenses. penalty kicks in when 10% or your more of trash could have been erye keled or composted. garbage haulers are trash cops, judges and jury. kelly got tagged twice. she is part of a lawsuit against the city. >> there is literally no recourse. when they accuse you falsely because they incinerate the evidence and take it away from you. they say you have done it but they don't have to prove it. >> reporter: not a single city official would talk trash with us, instead falling back on statement from city attorney

saying civil liberties are not being violated because quote, there is no intention of opening trash bags. contamination has to be clearly visible. but the lawyer who filed the lawsuit says the search is invasive especially in a state where cops need a search warrant to look at your trash. >> the supreme court of washington went the other direction and said, our state constitution is stronger, provides better protections. we believe people still expect their garbage is going to be protected from prying eyes. >> reporter: so seattle is serious about this, you guys. seattle hired nine inspectors to go out and help all those trash haulers to enforce this ordinance. the fines kick in in january. people might be really upset if their bills start going up because they have been tagged with an extra fee for having too much food waste? david: not just bills. it is intrusion. i mean this is private property. maybe trash men is private, this is what donald trump screams about. i'm with him on this sort of thing. >> i'm there also.

talking about how there is no recourse. they're the judge and jury. said they did it. incinerate it. that is not fair. david: like the irs? very similar. >> there you go. that does it for us, "risk & reward" with deirdre bolton starts right now. [cheering] [singing] deirdre: emergency session is happening right now in brussels on the refugee rush. the relocation of 120,000 migrants is a big part of the conversation. germany, austria, reinstated borders. hungary installing mores sore wire fences. the white house last week announced that president obama wants thousands of refugees to come here. >> he has informed his team he would like them to accept at least, make preparations to accept at least 10,000 syrian refugees. we have indicated we're looking